Re￿stered Cjwlty Mumb¢r: 1181646 . Ilome of Gr•ce for Chrfsvs Workws nancial Statemwts for the Year Ended 31 De￿rnber 2021 Page I I Home of Grace for Chrisvs Workern For the y￿r ended.31 Doctynb•r 2021 Wai K￿n Lau Y￿1 Fan Salina Kwclc Principal Address 34 Farrwrt Way WD6 4TE Reglstered Charlty No 1181646 H4xne of Grace fDr Chrisvs Worke In Lothn Reprt (rf the Trnsto For th• yw ended 31 December 2021 The Chttity ￿Lster￿j as a CharTtai* Iwpyated ckgarH5)tic￿ (ao) on 21 Jan￿ry 2019 and tt* trustees t￿r iepjrt wrth tr* fina￿al statements of the (harity for the year ended 3L DecemiEr 2021. The trU￿eeS ha￿ ryovisons of Acojjnbng aTrJ ReFortlrrfJ by 0￿rIt￿5.. &atrynent of Reccffimen¢a apr4bcat* to charit*s pre￿lfig r accounts in ￿dan￿ Trhryth the FFnancial Rewrt]rg StaTrJard aFOicable in the UK aNI ReputAic of Irelar¥J (FRS 102). OBJECTIVES AND ACIIVITIES Purywes of the Charity To Chr6tian religTh in UK ofthe in pwtaAar ￿ thcMJt limit&￿n thrcxoh the of prayu rneth'r¥Js, bectwes. ikn'iKrtJ"r¥J litwature Chnsbanity to en1￿hten L*hers alxxrt the Chrisban relwJ*Jn. Public Benefft Vle confwm the t￿￿ P$3ve Ikid regard to the g*Ja￿e isswJ ￿ the Charity Ccffimissir cn put4ic tenefrt Vlten re4vMr¥J Ctwvs alr￿ arMJ c*>Je2J¥Es and pknning current arbj ftrture artivities. ACHIEVEMENT APID PERFORMANCE Pokncy on Gr•nt Maklng We do Thit habE any gTant makirwj &tMties * far Ik75 ￿ t*en d*. Pomcy on Social Investrnnl induding Prowam Related Investment We do IKX have any XKial inbest￿l wcgam r¢Sa￿l irivestmert ￿ and M pc4icy ContTibution made by VoluTrtsers Pa#e 13 Home rf Grace for Christ's Worker% In Lo￿1￿ ReP￿t d the Trust•es For the y￿r ended 31 DKember 2021 Summary of 14ain Achievem￿ and Plans for the Fu￿re 2021 conb"nu¥i tD ￿ a ditfKult year to at large and rKt spare(l cl￿ to tt lingering of CovNI.19 thjr ek*rty Bit* da￿ prtsa>￿nts 7here greaty aff&ied in ir d￿lY lrfestyk aThd ￿l¥￿e5. The suscerrtitilty ofthe infe(tiw cal￿1 try the &4 virus had hirM*red thun from th￿r nomwl out(kn scKial lrfe. To a1￿late ￿r our trustees conbnuod to a59sI them to p￿tr￿se grC￿er￿S rrK>nthly tske to gats s￿)rtty rrayers masks frLKn Jar¥Jary to July 2021. We er￿4Jr&￿￿ ttren to i0￿ cwr platfom as y￿11 a5 frLYn churth W￿￿1 ncrt gNe up gatsirwj tcwher a5 the Bible has taiyjht us. With the knlY(w￿nt of the c(mdilJM, t￿￿gh there We￿ fluctuatsJn5 dass ai the premises ITL￿ Awust. In 2020 we i￿ned ￿ Womi of Lcth Hik4 ￿rIStIan (hurth wth s¢Jne sharlrrfJ ty OL tnJsr￿ aThJ Vol￿SteerS until Awl 2021. &rKe kite De￿71￿ 2020 we stsrtad our Zc( pLatform with BitAe (xym￿lI1son on Saturday until Jur* 2021. We at50 OF¢r￿) a ckiss for mnths In luty ar*J ALQLtst to learn to 0￿pare between the Old Testsment aTh the New Testsnwit. From April we sho￿1 &'ble chaptu Monty, W&Jnesday and Frthy over tr￿ z(xxri platfrym until Fetxuary 2022. The partDp*s gre* to over 11)0 bcth from ￿ UK arxl (thf I(￿￿K)n5 c4JtsKk tre U outdC￿ &*"vitie5 We￿ still ry￿ted as rn￿lI¥J in the street ￿ eVa￿￿$M was rK* muth entertair*d. As are tak5fVJ I￿hter the ￿ern￿t consideral as a disease, y￿ W to ty thts ctyth or make 51Th vrAs in last quartw of 2022. Des￿* the disrurtKrfi Of￿ par￿*M￿ d+￿t￿￿ th)nat￿$ Wtmth dKI ￿?t rroterHlize, E We￿ at4e to v4ithsiark1 th￿ critrcal tin*. Thank5 to w skBial ckyKW for the subs*Jen project. We have rK¢ ertkirked ￿ any grantsmakiTr4 yet arNI tms rKJ has teen We will sts'll w*ch rf In￿$tr￿rt Is feasi4e as tt¥5 is the PUfr(fje of (w d￿lity. Pa8e 14 In London Re￿irt of the Trusiees For the year eThled 31 December 2021 Athievements a9ainst obpctlves srt Ve have entered into the second year of COVMI which no ￿ has ever expect8J it s￿h ￿ b5tsrq aTrJ far"rexhiro. Atl CCIJnt￿ a￿ a(fver5ely affected phy5Kalty, eYx)rKKnthMy a￿1 mentslly. P&* a￿ separatea ftys£alty to avoKJ stxeay of wru5. Even al the tiine of Wr￿n4 has rnt teen any 5￿Tr of dirninishiThJ, tts)LwJh Fec¢4e seemed tr) get Lt5ed to it arKI treatad rt as a k(al dtsease. Thank God ￿ orE inventr of the Zocrfn platform txir#Js tL¥Jets on a pwom) to share ￿ one afM)ther WIth￿t ony gerM3raphi(31 hindraKe. also tcok the or¢cthiity to Share Cth'5 worts throLpJh Hi5 servants and Lwht r￿Ae tojts Just in the UK ixrt arourKI the world. We imiited one of our ethFS to strkire CA¥l'$ 7hrxds parti(ip3nts InCrea￿d to a rÉrcYd of 120. We 5b.ll Pk3ve I￿r Fltysical gattreriw bth In a STr￿1 scabe. We will watch out c tr* Covkj enVI￿rne￿t and decHle if mcKe &tsvrtes aThJ visits may te res￿r￿J. Let us certin￿ to wt our t￿￿ on I￿ Creatcv unNerse to kTh)w Hi5 intertK*6 arm ¥ we moy fckn¥ Him to Hts will. FINANCIAL REVIEW Reserves Polxy Thls Is tr* third ys3r of our thrty's operat￿￿. ￿￿rI) ￿ yeq¥ we Thve ￿com[￿lnEd Trmth tro CcThMd in its secorKJ Ye￿ arn1 it is stsll us as of writiF¥J. As exWed. dL dcxwbons subsKJe￿e fenrrrf&th), rewves vtse even ￿55 than In 2020 try IO%. We forward into 2022 that S￿ re5rn fc* 1xem￿ maintenantr offi 2021 was a year ￿ 0)r6t￿￿ tre chanty. Thank5 to gtrerous CO wr property rs who sUr¢￿rta￿ (s in the sul￿￿le￿e armj rerthiatK)n Repair Mork stsrtèj at the beginniThJ of 2021 after T.th diSc￿K￿s. We also the to ￿wire aTrJ rwovate the ryeyme whKh gave assur?￿e to t￿ inSura￿e rKov¥Jer. DLE to pandem¢ ￿￿1 er¥J crf Juty 2021. r￿￿rNeS of are resthciaj aTrJ unresirictvd. Trt free re5erve5 (trAal unr£%trthd re*rves eXd￿W￿J fiwt assets) cl the Charty as at 31 tkcwnter 2021 we £7.559 aTrJ Tru5tee5 (rJnsHkn that bt sFKMthI I¥￿1 9 r￿nthS runnirKJ pJpenses {￿peTry1t￿re exdu(th'r¥J PTOViSW)n for matena U￿ertainli￿Q at>)ut tr￿ Olari￿5 abilty to cortinue as a going cown. En fc*mi"r¥J th15 cy'rth)n, have consKlwed tr￿ irn￿t of the COVID.19 Lx)th its fvknwe fc* a FeriLMJ of at least 12 P3¥e IS In Lofftlon Reswt of the Trust•es For the Y￿r ended 31 De£ember 2021 Flnancl•l perfOrn￿nCe The totsl irKcrfThrvJ re5our￿ for the arrnunt to £79.710. Th¢s i4 made up of E13.896 indiv￿ual unrestricted arn1 £65.874. re5trKted YthKh was towards the cost cl substhrKe reEkiir5 ar¥J rv￿l￿r¥j o) ￿ the tKunL Pa8e 16 Home Of Gra￿ for Chrisvs Worko In London For the year 0nd•d 31 December 2021 STrUrnIRE, GOVERNAP4Cf AND MANAGEMEiir Gov•ming Docum•rt The CIW is a CIO 21 January 2019 UKI its crystitutK￿. UTrJer the conSbtuti￿. the trLStees we ts sole nYnt*rs aTrJ we fe5WNtAe for ts to dty AccordlNJ to the C(rnis9￿ rules, all tru5t&s Sha￿ the Sar￿ r￿￿bIlIty. Eath of our trusiees ￿11 take up a Ma￿ fIna￿al, thinistvial or extwrwl aThJ a mtmr role in ancther rcAe. Ap￿ntffle￿t ol Tntytees We encourage daily &tAe #￿. rKayer arKI fellowship with fJyJ for all tru*e5. We Flan to hold an annual stLKty rneetsTrJ aTrJ gkt¢l rr￿etsng5 rr￿st￿ vuluntew w(xkers in cyder to a deer￿ WK*r5tarKJirvJ of Gcrfs va)rd5 arKI His will nw share eyplafft (￿￿$ vAyds dearty be to achtve our (hanty's wal effectivety. STATEMENT OF TRusfEÉS' RESPONSIBILtTIES trustees a￿ resp￿lts* fvr ￿epar1Thj tt* Repjt of ￿ Tntstees ar¥J tre finanaal 5tatanents in wrth aOKatrAe law arKI Unrted Kirv•lcrfn AccoLW)trrKJ &aThfjards (U¢¥trd ￿T￿￿yn Gervally Acceoed kcwntiry Prth) irKJthliry Fina￿al ReForbrig SiarKJard 102 'Tr FinarKsal ReFortsrrf4 StsrKiard in tre UK arma R￿Ul* Ireland- law apFI￿￿ tOchart￿ in Er¥JL3rKI aThl Wa￿, the Chant]es kt 2011, ￿anty (￿C￿rts aThJ Rep)rts) R￿Ulat￿Y￿ 2(K)8 arK1 the yovi5Kffj ¢A trust l￿d trustees trj epare fina￿1￿ Stat￿￿ts ts &xh fiThirDal ￿ar whKh gve a t￿ aTrJ Pdir vlew of tt State of affairs of ￿ tharty aTrl of tt* rex￿￿e$ arKI appÈKatson of resource5, incluthrrfJ the irKorr* and ext*TrJth. of tre (tharty for that wbJ. In preparing ttK) rr￿t￿S ar*J wnoples in tre Charity 9)RP; make JU($w￿nts w¥J estsmates tl%3t are rea￿Thble armd Fryare fir￿￿la1 $￿t￿￿1￿ on the w'ThJ corKem bag's ￿lesS ￿ Is InarrKopriate Pèg¢ 17 In London Report of the Tn￿tee5 For the year ended 31 December 2021 trust*s are ￿5p￿S1t4e for keerifYJ ¥￿￿1Th) rec(Kts disdose ￿th rea5wble accuracy at any the finrtial r($rt￿n of tt* ohanty arbj to enable tkn ro ensu￿ that ￿ finanaal statar.ents CCmk4y VAth the Charitt5 Act 2011. ¢￿a￿ty (kCCrt￿ts Repwts) Reguk*w6 2008 and the of the tr￿ deed. Tfrey are also re¥K>￿•b safeguardirrfj the a55ets of tr* charty aryl herLE for tsknrwj re*cMKatAe steps for the prevent•Jn arnj (*tectx)n of aTh# Irre￿larit (rr￿) YLEn Fan Salina Pale 18 deP￿dert Ex•minerf$ report to the Tryst¢es ol Home of Grac• for Chri•Vs Workers lrt London I rep)rt tD Trustee5 my examir*tKm of tr* fina￿la1 Statan￿ of tlE (Tharity for the year ended 3 k Decemter 2021. which (Crn￿se tre Stste￿nt rl FinarK5al Adivtfie5, the BalarKe Sh* and related notes. This rewt is n￿de to Tn*es, as a in accordance trE tem5 ofmy ￿. My YN)rk has teen urthftsken so that L mwjht carry out an IlKJe￿￿rt Exaninatnn of ihe f￿￿JaI Ststen￿ts ID acC￿thn￿ with tt General LhwtIc￿S gNen Charity To fulbest extent Fernitted by taw, i or assun* reSFon5itxlty to anY0r￿ (ther than tt* Charity and th¥ty'5 Trustees as a t(rfJy for my v*yk or fcff thi5 repyt. RESPONSIBILrnES AND BASIS OF REPORT The 0￿￿1¥,5 Tnjstees are resc￿51￿￿ for the p¥eparati(￿ of tr* ￿ftts In ￿arKe ￿￿th wulrem￿ts chalit￿ Ad 2011 P41). The th3rity's Tntstees consKJer that an a￿lIt is Th)t rLNuired ts this year (urKier s￿ 144(2) of the O￿litES kt 2011) and that an IrKletendent ExanirotK)n 15 r￿ul￿a. I rekxirt in re5KErt of my eXamInatK￿ Cthaiws xc(xmts 4Xt under sertK)n 145 of the 2911 Act ar¥J in Girying rxrt my examinat￿ I haNE folbyrtd all ￿ ak*able Dwth?ns g￿ by sectsm 145{5){b) c4 INDEPENDENT EXAMINERS ￿ATEMENT I have ccfflrAeted my eXt￿lnat￿)n. I confirm that fnaterial matss c(WT* to my atterthn in c(mnLttiLY* examinats.on gMrwJ ff* cause to ￿jieVe tr￿t In any matsial (l) acry)untirrfJ k4t ￿ resFea ￿ the Charty as ra]ulr&l ty Secti￿ 130 of (2) the aThnts (tr) rnt with ts ap￿alle reqWra￿ts o)ncunirKJ the fom) content of ￿CoUnts Set wt in tr* Charit￿ (Accounts arKI ReF¢)rtsl RwJulatk)ns XKJ8 other th￿ any reqU￿&￿t that ￿￿nts gi¥e a and fair whKh ￿ nct a matter consKler8J as [￿rt of an 1ndere￿nt eXJnlnai￿. I have ￿ con￿rnS a￿1 have crjre (thr matters in Con¢￿￿￿ with the examlnatbn to whth attentk)n be thawn in thts repJt in orckf to enable a pr¢w ur￿￿￿OrKI￿ of tre accounts to LE r&xhed. Richard Billinghurgt Knox Cropper LLP Chartered Accountanl• 65 Leadenhall Strert l(￿(￿n EC3A 2AD Date: 1311012022 Home ol Gr￿ for ChrlgV$ Workers In LoTrlon Statement of Flnandal AthitDe5 F<)r the year éfftd￿ 31 December 2021 2021 2020 T￿1 13,896 65,874 10,956 Total i￿•m• Expenditur• on: 3 (22,5￿)) {67,70n (9),297) (18,474> Total Expenditure 18,474L Net Incomel{expenditure) and net movement in funds for the year (8,694) (1,833) (10,527) (7.508) R¢conclllJtkJn of fun Total funds forwaT(I 1,833 384,553 392,C61 Total fijnds caryEd forward 374 026 374 026 The l I to 15 f(Km of ttw fir￿￿al si*ements. . H(xne of Grace for Chrl4V$ Workers In Lornlon 8alaKe Sheet AS at 31 Decomber 2021 20 2020 TANGIBLE FIXED ASSErs 359,0 364,720 Vehbje 367 161 376 841 CURRENT ASSETS Cash held by TTilSt&s Cash at bank 3534 10,112 11,9)5 10,112 CREDTh)RS (5.040) (2,400) NEf CURRENT ASSErs NET ASSETS 374 026 FUNDS unr25trrt￿ (Ger*ral) Rests￿ed 374,026 382,r20 1,833 TOTAL FUNDS The fina￿la1 ststern￿ts a[v￿ed ty tr¢ of Trustees a￿￿)￿sed for Issue on .￿.7. 3&f..pt¢AL . arKI were sw on it5 behalf ty: (Trustee) Y1￿ Fan Sèlir47 KvK* Regiknul Chaiity Numter: 1181646 Page 111 Notes to the Flnandal Statements For the year ended 31 DKember 2021 ACCOUNTING POLICIES Basis Df preparing finaKOal ststements The financial siatynerts of the d￿rity. whth LS a tyJblK entity myer FRS 101 ve been prepared in acccKdm O￿nt*S 50RP (FRS 1021 'P£ctrJntyng a￿1 Rerx)rtirh] by Ctrk4rrt*s: Stst￿￿nt of Pr&lKe a￿¥￿al4e ro Char￿e5 ep3rir¥J tt*ir ￿c￿rtS in with tr￿ finaixjal Stsr#tsr ap[Atht￿e in UK aTrJ Rekxbblic ￿ Irelarbj (FRS 102) ', Fina￿1￿1 Rep)rting Starmlard 102 Tr fir%3rthl Rqyfvry &aTrJard amlKabk in the UK of Irela￿1. aryj ttE Charit*s Att 2011. Tr fina￿la1 statenvts ha￿ teen ￿ep￿ed Ur￿ the The C(#￿￿*r that are no nkiterial Ur￿￿trInI]￿s abxrt the Charity's abilty to cCnts"n￿ as a ccmcem. In formirvj tris oplnk)n. have C[￿51defal the irntkxt of cov1￿19 pkirKlunK cttw recart develcyy￿ts c b)th r(s Ir￿c￿ arKi eX￿1￿urE ￿ at tht a rrf ffthths from the date of aprwval of these finanoal ststrnits. ln thur Opn#￿ ey￿K1￿￿re can easily be tsikjrcd to match the level of I￿(￿ne rece4¢J FOr￿￿bIe future. The ChariW5 rinanci•l r¢portlng stsnd•rd 102 . rnlKed disclosure exemptions charity has taken tharrt•> of the follThyiry clsd05ure exem￿￿7$ in prepar¥ these finaroal staternents, as [Hmitt￿l by FRS 102 Tr FirNarKo1 RepNtsng Stsndard appl¥3t4e in ts UK arKI Repul* d I￿￿7￿*." Incon Iitlemert to the fvrnts. rt is fvt4e ltr￿ tts ir￿r￿￿ w￿11 and the ￿Unt Expendbture "ats'libes are reccAwI￿ as as s(xJn as there Is a b&Jal or constr(Ktive dJoat#Jn to that eX￿￿lItUre, It is prctsble tlwt a transfer of berEfits will t¢ reqL#r8J in s&tlem￿t and the amC￿nt of ts￿l9a￿ c2 e measured rdiaw. ExreThJrture 15 KCOUrteJ ts on an ￿trual5 b&Eis and has tr classi￿1 f*alirKJs that ￿legate all cost relatal to the cate9)ry. costs ty directy attrit)uted to FQrtKular Wings W have alt(oted to Page Ill Home of Gra￿ for Chrisvs Workers In London N¢*es to the Flnancial Ststements For th¢ year 31 0￿mber 2021 ACCOUNnNG pouaES . CONTINUED These a￿ irKJLx*d wlttln surpjt cc6ts aThJ co￿$ attrttth￿ to the Chartys a)mpl￿nCe with constitut￿1 and statukny ￿u1r￿￿*S. Ir¥J￿11 Tangible fixed Assets TaTrJit* fixed assets are st&ed z* crA ￿ e&imated Wdlue for thThted assets. Eveciatic￿ ts catulat8J so as to V4rite off the o)St of fix￿ assets on a straNJht.line nnual Fates usej fty th6 are as f￿kn$: - 2% (￿Xd￿￿J la￿J} - 20% anThJm Motor ￿h￿C￿S property are of ￿ q)in¥)n tlkit *s vK)ukl ￿ trrd fina￿{al Taxailon FwThd accountlng All funds of ￿ dwrty are l￿restrthd aThJ can be wl in ￿(Dr[kn￿ with tt In preparlrKJ the fir4inoal stater￿ts it 6 ￿eSSary to make certain IL*n*nts, es[una￿S arrfj Ll55￿[￿￿ that a￿t anK>unts reLLyJni5ed in ￿ finartial st3terr*nts. In ￿ view of tre Truth5. a￿irt frtrn deWe(kit1￿ detslbj F•nanci•l Instruments The cha¥ty (x)ly has fina￿al assets and lots"lit￿ of a klnd that qualify as bas rinatxial Instnm*rts. ts detrtrs aThl Credit￿5. These we initi.ally r￿niSed FuThrtional Currency The financjal staren￿ts are ryesented In PLxThl &erllrKJ, is fvncts(￿l Pa£e 113 Home of Grace for Chrlsvs Workn in Lonth)n For tho year ended 31 December 2021 2. DONATION5 AND LEGACIES 2021 20X• unreStr￿ted ttwtKX6 IrKlividuals Prcffty VehKle . Trysts 13, 5,970 13,896 Restrthd 65,874 TL*al LknHbons 3. CHARITABLE ACTXVITIES 2021 2020 Prcffrty Costs Post&Je & Motor Vehith Cc61s Travel 2.174 51 1,329 54 289 3,039 61 1,151 1.273 1,777 1,591 Tsgephone & Intfftt 215 Cwnol Tax Depreciat￿n Charge f*)vemance- Travel lknemance. kcountaiy 1,305 165 503 4. KEY MANAGEMENT PERSONNEL Ferg)nnd are thjse haviry auttxyity and resrx)n5ibility for planniro, directsr*J and contrc41iTrJ ttE of ￿ chanty. dir￿vY or ir>Jirectly* I￿ll￿ any trustee of the d￿￿ty. rnarwJ￿nt of the cl￿rty are tr* trustee5. Trustee5 pfuvKk their setVME5 r￿e of o*. No vak* is rellethd In the ￿cC￿rtS rhe th)na￿￿ Servi￿ of the Trl￿tee5. No tntstee was r8mbursed expenses d￿rtyJ the y. Trustts tra4el costs of £165 are Pagc 114 Home of Grace for Clwisfs Workers In Lornlon Nates to the Financial Slatements For th¢ y•ar •nded 31 De£ember 2021 Vehid• At I XiroA4ry 2021 376,(Xrf) 20,201 At 31 2021 At l January 2021 Charge for 11.280 8,OlJO At 31 E*cryniv 2021 Net Value 2021 Net PAX& Value 2020 The prcyerty is 34 FarTant Way. &yehanThwxé. H¥tr￿d5th1re. WD6 4TE arKI was (kpnat8J to the 2019. It was iwht nto ￿ finalTh￿ statements at Its e5Urnated Vall￿ based on three irthreyknt ￿kt0p Valuat￿n5. It is Intenthd to be Used for tte Okirity's d￿rItat* pNpAes. CASH HELD BY TRUSTEES (hrity TrAF5 onty fecenty atle to set up a bank arbj is in ￿ wr￿eSS of transfurirNJ funds awrendy I￿ld by trust￿ The cash seoxely ui trust CREDrroRS 20 2020 RELATED PARTY TRANSACTIONS Home of Grac¢ for chr1￿$ Workers In London Notes tt* the HNancial Siatsments For the year ended 31 December 2021 NEf MOVEMEpif IN RESTRICTED FUIIDS Balance Balance 111121 I￿Ome Exwxllts•rt 3111212021 bsmjm wir Rewinrvj Counol tax 44,059 21.815 (+1,059) (21,815) c￿￿11 tax d￿rit￿5 Wwty. 10. STATEMENT OF FINAIICIAL ACTIVTfIES FOR ThE YEAR EIIDED 31 DECEMBER 2020 2020 5,970 10,966 Total Income Expendlture on: [15,311) {3,163) (18,474) Total Exp¢nditsve Net inccrfnel(expendlturn) I net M0ven￿ in fynds for the year (9,341) 1.833 {7.W) Reconciliatk•n of lunds: Total funds LYou9ht fwiard Total fuThJs ¢3rrEd ftxward 392 061